Dear Traders, NFP is tomorrow!!! therefore what we are looking at the GOLD right now, price showed selling pressure whole day today which express we may come down to 1970 when the data comes out tomorrow. The strong bullish momentum will continue as investors are heavily invested on gold and as we also expect FED to release their decision on interest rates. The possible scenario in here is price may not come entirely to our territory but it should at least comes down to 1980. It will also be interesting how DXY will be behaving until tomorrow's nfp.
-GOLD remain so volatile most of the time, in order for you to stay profitable you must use accurate risk management all the time. Stop loss should not be more than 40+ pips while taking entries on XAUUSD.
-Keep an eye out and trade safe.